中指研究院：2026年1月全国百城二手住宅均价环比下跌0.85%

Summary of Key Points Core Viewpoint - The real estate market in China is experiencing a decline in second-hand residential prices across major cities, with a national average price of 12,905 yuan per square meter in January 2026, reflecting a month-on-month decrease of 0.85% and a year-on-year decrease of 8.67% [1]. Group 1: Second-Hand Residential Market - The average price of second-hand residential properties in first-tier, second-tier, and third/fourth-tier cities has decreased by 1.14%, 0.87%, and 0.73% month-on-month, respectively, with year-on-year declines of 7.64%, 9.34%, and 8.43% [1]. - In January, Beijing saw a transaction volume of 15,000 units, down 12.3% month-on-month but up 20.8% year-on-year due to the impact of the previous year's holiday [3]. - Shanghai's second-hand residential transactions reached approximately 20,000 units, with a month-on-month increase of 0.9% and a year-on-year increase of 27.5%, while prices fell by 1.22% month-on-month and 7.61% year-on-year [3]. - Guangzhou's second-hand residential prices decreased by 1.04% month-on-month and 9.04% year-on-year, indicating ongoing market pressure [3]. Group 2: New Residential Market - The average price of new residential properties across 100 cities is 17,114 yuan per square meter, reflecting a month-on-month increase of 0.18% and a year-on-year increase of 2.52% [6]. - High-end improvement projects in cities like Chengdu, Shanghai, and Hangzhou have contributed to a structural increase in new home prices [6]. Group 3: Rental Market - The average rental price for residential properties in 50 cities is 34.00 yuan per square meter per month, showing a month-on-month decrease of 0.45% and a year-on-year decrease of 3.67% [6]. Group 4: Transaction Volume and Year-on-Year Changes - Notable year-on-year transaction increases were observed in cities such as Shaoxing (46.9%), Wuxi (45.4%), and Ningbo (43.6%) [7][8]. - Conversely, cities like Chengdu (-11.3%), Suzhou (-19.4%), and Wenzhou (-21.9%) experienced significant declines in transaction volumes [9].